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Refined Products

Refined Products

Baltic index slips to near 2-month low on weaker vessel rates

The Baltic Exchange's dry bulk sea freight index slipped to its least expensive level in nearly two months on Monday, pressed by weaker rates throughout all vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 34 points or 2.1% to 1,594 points, its lowest given that Feb. 15. * The capesize index was down for a 5th directly session. It dropped by 76 points, or 3.3%, to 2,198. * Average day-to-day profits for capesize vessels, which typically transfers 150,000-ton freights such as iron ore and coal, decreased by $631 at $18,226....

Refined Products

Baltic index strikes two-week low as bigger vessel rates slide

The Baltic Exchange's main sea freight index extended declines on Thursday to hit its lowest level in more than 2 weeks as rates for the capesize and panamax vessel sections pulled away. * The overall index, which consider rates for capesize, panamax and supramax shipping vessels, fell 44 points, or 1.9%, to 2,240 points, its least expensive level given that March 6. * The capesize index lost 102 points, or 2.8%, at 3,588. * Typical day-to-day earnings for capesize vessels, which generally carries 150,000-ton freights such as iron ore and coal, decreased by $849 to $29,752. * Iron ore futures...

Refined Products

Baltic index hit its highest in more than 6 weeks

The Baltic Exchange's dry bulk sea freight index extended its rally on Tuesday to hit its greatest in more than six weeks, supported by a dive in the large vessel segment. * The overall index, which factors in rates for supramax, capesize and panamax shipping vessels, added 207 points, or 11.03%, to 2,083, touching its greatest level given that March 25. * The dry bulk market has continued to exceed expectations ... Spot Cape activity remains raised in the key packing areas of Australia (iron ore), Brazil (iron ore) and West Africa (bauxite), Jefferies experts wrote in a note. *...

Refined Products

Baltic index edges up on gains in smaller sized vessels

The Baltic Exchange's dry bulk sea freight index edged up to hit a onemonth high on Tuesday, as gains in the panamax and supramax vessels eclipsed a decline in the larger capesize vessel section. * The total index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 3 points, or 0.2%, at 1,632 points, its greatest given that Jan. 10. * The capesize index lost 48 points, or 2%, to 2,409, falling for the very first time in 3 sessions. * Average day-to-day incomes for capesize vessels, which usually transports 150,000-ton cargoes such as iron ore...

Refined Products

Baltic index increases as capesize, supramax sectors publish gains

The Baltic Exchange's dry bulk sea freight index extended gains for a fourth straight session to struck an over onemonth high up on Wednesday, buoyed by company rates in the capesize and supramax sections. * The total index, which factors in rates for supramax, capesize and panamax shipping vessels, was up 44 points, or 2.7%, at 1,676 points, its greatest since Jan. 9. * The capesize index got 134 points, or 5.6%, to 2,543, a six-week high. * Typical daily profits for capesize vessels, which generally transfers 150,000-ton cargoes such as iron ore and coal, increased by $1,111 to $21,092....

Coal

Baltic index logs weekly gain on strong capesize and supramax rates

The Baltic Exchange's dry bulk sea freight index increased to an over onemonth high up on Friday and logged a weekly gain, as rates throughout the capesize and supramax sectors pressed greater. * The total index, which consider rates for capesize, supramax and panamax shipping vessels, was up 114 points, or 6.5%, at 1,866 points, its highest given that Jan. 9. * The index was up around 16% for the week. * The capesize index acquired 355 points, or 12.7%, to 3,145, a more than one-month high. The index was up 28% for the week. * Average day-to-day profits for...

Crude Oil

Tobago's tourism, fishing hit as oil slick spreads out throughout Caribbean

9 days after a slick was first identified by Trinidad and Tobago's Coast Guard, an oil leakage from a capsized barge remains unplugged, according to first responders and authorities, raising alarms for nations throughout the Caribbean Sea. The spill has spread out miles from Tobago's coast, the location Impacted by the incident, leading authorities to notify its Caribbean next-door neighbors, including Venezuela and the island of Grenada. A barge pulled by a tugboat triggered the spill, Trinidad's. federal government has stated, but information of the incident remain uncertain,. consisting of the kind of petroleum dripping, the ship's planned. destination, owner...

Crude Oil

Tobago's tourist, fishing struck as oil slick spreads throughout Caribbean

9 days after a slick was first identified by Trinidad and Tobago's Coast Guard, an oil leak from a capsized barge stays unplugged, according to initially responders and authorities, triggering nations throughout the Caribbean to collaborate an action. The spill has actually spread miles from Tobago's coast, the location first struck by the occurrence. Trinidad this week notified next-door neighbors Venezuela and Grenada on possible impact to their coasts. The Caribbean Catastrophe Management Firm, depending on local group Caricom, has triggered a contingency plan, the head of Tobago's Emergency situation Management Company (TEMA), Allan Stewart, stated on Friday. A barge...

Coal

Baltic index scales 1-month high on company rates for larger vessels

The Baltic Exchange's dry bulk sea freight index rose to a onemonth high up on Monday, buoyed by firm capesize and panamax vessels rates. * The general index, which consider rates for supramax, capesize and panamax shipping vessels, was up 27 points, or 1.8%, at 1,572 points, its highest because Jan. 10. * The capesize index included 72 points, or 3%, at 2,453 points, its greatest in a month. * Average daily incomes for capesize vessels, which usually transport 150,000-ton cargoes such as iron ore and coal, increased by $595 to $20,341. * The panamax index strikes a near two-week...

Refined Products

Baltic index logs weekly gain on strong vessel rates

The Baltic Exchange's dry bulk sea freight index reinforced to hit an over twomonth peak on Friday and published a weekly gain, as rates across all vessel sections pressed greater. * The general index, which consider rates for supramax, capesize and panamax shipping vessels, was up 92 points, or 4.4%, at 2,203 points, its highest since Dec. 19. * The index was up 18% for the week. * The capesize index gained 234 points, or 6.3%, to 3,977, an eleven-week high, to post a 26% weekly increase. * Average everyday earnings for capesize vessels, which typically carries 150,000-ton cargoes such...

Mining

Mining

Panama election unlikely to move outlook for First Quantum's copper mine

Prospects are poor for First Quantum Minerals to recuperate its canceled concession for a financially rewarding copper mine after governmental elections in May, a. evaluation of the campaigns' proposals and interviews with. protest leaders reveal. Demonstrations versus First Quantum's concession requiring. greater ecological warranties and transparency in. negotiations made authorities not just annul its agreement to. operate among the world's biggest and latest copper mines but. restriction all new metal mining allows last year. Metal traders and financiers are closely seeing the. election outcome to see if a brand-new president might help revive. mining in Panama. Eight prospects are set...

Mining

Fortescue eyes establishing its copper properties, not looking at Cobre Panama

Australia's Fortescue , the world's fourthlargest iron ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairman informed on Saturday. The business has options in front of it ... we have a lot of copper choices on the table. And when we feel the time is right, we'll pull the trigger, Andrew Forrest said during a see to Beijing. However, he said the company was not taking a look at First Quantum's idled Cobre Panama copper mine. Cobre Panama, one of the world's largest open-pit copper mines, was forced...

Environment

Governments need to broker local support for mines, market group says

The world's federal governments must do more to persuade regional communities and Native groups to support mines that produce important minerals needed to power the energy transition and battle environment change, the head of a. popular market group stated. Mines around the world increasingly deal with opposition for. spiritual, environmental or other reasons, with pressure seeming to. heighten in the previous year after officials in Panama, reacting. to protests, shuttered a mine that supplies 1% of the world's. copper. Yet efforts to stem an increase in international temperatures have. improved making use of solar panels, electric vehicles and other. technologies...

Fuel Oil

Coal

Baltic index hits over 3-month high up on firm need across vessel segments

The Baltic Exchange's dry bulk sea freight struck a more than three-month high up on Monday on robust demand across all vessel segments. * The general index, which factors in rates for panamax, capesize and supramax shipping vessels, gained 45 points, or 1.9%, to 2,419 points. * The capesize index was up by 70 points, or 1.74%, at 4,089. * Average everyday earnings for capesize vessels, which typically transports 150,000-ton freights such as iron ore and coal, increased by $579 to $33,911. * The panamax index got 64 points, or 2.9%, to 2,298 points, rising for the fifteenth straight session....

Fuel Oil

Baltic index reaches 10-week high up on rising vessel rates

The Baltic Exchange's dry bulk sea freight index extended gains on Thursday to hit an over 2 month peak, supported by rising rates throughout all vessel segments. * The total index, which factors in rates for supramax, capesize and panamax shipping vessels, was up 70 points, or 3.4%, at 2,111 points, its highest given that Dec. 20. * The capesize index gained 147 points, or 4.1%, to 3,743, an almost eight week-high. * Typical everyday earnings for capesize vessels, which generally transports 150,000-ton cargoes such as iron ore and coal, increased by $1,222 to $31,045. * Iron ore futures kept...

Fuel Oil

Baltic index hits near 2-month high up on strong vessel rates

The Baltic Exchange's dry bulk sea freight index extended gains on Wednesday to hit an almost twomonth high, supported by rising rates throughout all vessel sections. * The overall index, which consider rates for supramax, panamax and capesize shipping vessels, was up 142 points, or 7.5%, at 2,041 points, its greatest since Jan. 5. * The capesize index acquired 372 points, or 11.5%, to 3,596, an over 7 week-high. * Typical day-to-day incomes for capesize vessels, which usually transports 150,000-ton freights such as iron ore and coal, increased by $3,086 to $29,832. * Dalian iron ore futures rates extended gains,...

Fuel Oil

Baltic index dips on falling capesize rates

The Baltic Exchange's dry bulk sea freight index edged down on Wednesday, snapping a threesession winning streak, as falling rates for capesize vessels overshadowed gains in the panamax and supramax sections. * The general index, which consider rates for capesize, supramax and panamax shipping vessels, was down 3 points, or 0.2%, at 1,582 points. * The capesize index lost 40 points, or 1.6%, to 2,436 points. * Typical everyday earnings for capesize vessels, which typically carry 150,000-ton cargoes such as iron ore and coal, reduced by $337 to $20,201. * The panamax index touched a two-week high, increasing 32 points,...